Mutual Fund Benchmarks as of August 31, 2005

Index Total Return Average Annual Compound Return
1 mo. 3 mo. 6 mo. 1 yr. 2 yrs. 3 yrs. 5 yrs. 10 yrs.
Note: All Benchmarks are expressed in Canadian Dollars.
Source: Datastream, ScotiaMcLeod, Frank Russell Canada, Morgan Stanley Capital Int'l.
BMO Nesbitt Burns Cdn Small Cap Index1.09.00.826.621.521.59.810.5
Barra Canadian 300 Growth6.114.213.332.220.917.9-4.77.6
Barra Canadian 300 Value-1.38.79.727.321.921.512.214.8
CPI - All Items0.00.41.42.22.02.02.32.0
Canada Savings Bonds Index0.10.30.71.41.51.72.33.1
Citigroup World Government Bond Index-1.3-5.3-5.2-4.00.9-0.34.04.6
HANG SENG Total Return Index-2.91.91.85.08.44.3-6.83.6
MSCI EAFE ($ Cdn)-0.51.8-1.212.014.58.5-2.64.6
MSCI Emerging Markets Free ($ Cdn)-2.25.91.728.421.219.15.73.8
MSCI Europe ($ Cdn)-1.61.1-1.314.415.99.2-1.78.7
MSCI Japan ($ Cdn)3.72.2-1.31.47.73.3-7.9-2.7
MSCI World ($ Cdn)-2.20.1-0.67.28.85.4-5.06.4
Mexico IPC (BOLSA) Price Index-6.05.12.431.828.116.98.011.3
NASDAQ Composite ($ Cdn)-4.5-1.11.35.71.07.7-16.26.4
NIKKEI 225 Total Return Index2.01.1-4.1-0.33.91.6-10.7-6.1
S&P 500 Composite ($ Cdn)-4.1-2.7-2.1-0.21.90.5-8.36.8
S&P/TSX Total Return2.511.511.429.721.319.50.710.9
SC Universe Bond Total Return Index1.32.45.610.28.58.18.18.5
1-Year Average GIC Index0.10.30.71.41.31.51.92.9
5-Year Average GIC Index0.20.61.32.82.93.13.64.4
91 Day Treasury Bill Index0.20.61.22.42.42.63.23.9